-The Hindu Petrol prices rise 8-10 p, diesel rates climb 15-16 p: IOCL data State-owned oil marketing companies (OMCs) increased prices of petrol and diesel across the country on Monday, a day after the last phase of Lok Sabha polls concluded. This could mark the beginning of a rising trend in fuel prices as they are once again aligned to the rising global oil prices. Petrol prices rose 8-10 paise, and diesel...
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Rahul's minimum income plan is fatally flawed -SA Aiyar
-The Times of India blog Indira Gandhi’s ‘Garibi Hatao’ swept the polls in 1971. Rahul Gandhi hopes to follow suit with NYAY (Nyuntam Aay Yojana), promising a minimum income of Rs 72,000 per year to the 50 million poorest families. Garibi Hatao flopped badly. So will NYAY unless totally rethought. Indian parties have a consensus on cash grants to the needy. Schemes in Telangana, Odisha and Jharkhand have been followed by Modi’s...
More »Rs 15/litre diesel price hike burns a big hole in farmers' pockets -Anju Agnihotri Chaba
-The Indian Express But it may give a boost for S-SMS/Happy Seeder technology adoption to prevent paddy straw burning Jalandhar: Thakur Dyal Singh has never in the past raised the rates for operation of his combine harvester in farmers’ fields by more than Rs 100 per acre. Till around 2012-13, he was charging Rs 800-1,000 for harvesting, threshing and cleaning their paddy or wheat crop from one acre using his machine. In...
More »As Consumers Reel from High Fuel Prices, OMCs Make a Killing Off Inventory Gains -Noor Mohammad
-TheWire.in Indian Oil, BPCL and HPCL together made inventory gains of over Rs 12,000 crore in the April-June 2018 quarter alone as the price of crude rallied. New Delhi: Indian consumers of petrol and diesel may be reeling under high prices but oil marketing companies (OMCs) and the government are having a great time. The three state-owned companies – Indian Oil, BPCL and HPCL – together made inventory gains of over Rs 12,000...
More »Fuel prices hiked again; petrol now costs Rs. 86.91/litre in Mumbai -Piyush Pandey
-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing companies (OMCs) again increased the price of petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
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